Streetbeat News

ALVOF

Alvopetro Energy Ltd

Industry

Crude Petroleum and Natural Gas Extraction

Open

3.55

Mkt cap

128M

Volume

200

High

3.55

P/E Ratio

9.00

52-wk high

5.49

Low

3.51

Div yield

0.11

52-wk low

2.85

Alvopetro Energy Ltd reported a significant increase in Q3 2024 revenue and income due to higher natural gas production in Brazil. The company saw a 24% year-on-year and 29% quarter-on-quarter rise in average daily sales, driven by increased gas demand.

Portfolio Pulse from

November 07, 2024 | 1:45 pm

Alvopetro is capitalizing on its first mover advantage in Brazil's evolving gas market, following the implementation of the New Gas Law in 2021, which aims to transform the sector.

Portfolio Pulse from

November 05, 2024 | 8:00 pm

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